It’s not every day you hear Hillary Clinton feigning concern for America’s best interests. Recently, the former first lady and Presidential nominee has been sounding the alarm that the GOP-majority House’s reluctance to raise the national debt ceiling will enable China and Russia to intensify their attacks. This progressive left-wing elitist alleges, “American democracy is in terminal decline and can’t be trusted.”
In a New York Times op-ed, the former Secretary of State lamented that settling the nation’s debt has been “weaponized” by partisan squabbling.
Demanding the Republicans’ compliance, she argued, “Republicans should stop holding America’s credit hostage, shoulder their responsibilities as leaders and raise the debt ceiling.”
Hillary continued with her doomsday predictions, saying, “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder — and not just in Beijing and Moscow. Countries all over the world will start hedging their bets.”
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Claiming hypocrisy on the part of House Republicans, she stated, “It’s a sad irony that [House Speaker Kevin McCarthy, R-Calif.] and many of the same congressional Republicans seem intent on sabotaging America’s global leadership by refusing to pay our debts and are also positioning themselves as tougher-than-thou China hawks.”
According to Clinton, these Republicans are merely handing a victory to the Chinese Communist Party, despite their tough talk on standing up to Beijing.
Speaker of the House Kevin McCarthy is making a ransom demand. His hostage is the economy and America’s credibility.
Read my view of the debt ceiling debate at @nytopinion:https://t.co/N2qqYKz3Hw
— Hillary Clinton (@HillaryClinton) April 24, 2023
Clinton recalled that “Republicans in Congress have consistently voted to raise the debt ceiling with little drama when a fellow Republican is in the White House — including three times under President Donald Trump.” However, she conveniently omits to mention the numerous budget additions proposed by Democrats, which would inflict even more damage on the American public.
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Here is what she said:
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Instead, she complained, “During Democratic administrations, they have weaponized the debt ceiling to extort concessions, despite the danger of default.”
Clinton went on to remind readers that “fortunately, Congress and President Barack Obama finally reached an agreement to raise the debt ceiling” in 2011. However, this agreement led to the S&P plummeting by 17 percent, consumer and business confidence taking a nosedive, and the government’s credit rating being downgraded for the first time in history.
“After another crisis in 2013,” she concluded, “the lesson was clear: Negotiating with hostage-takers will only embolden them to do it again.”
Source: Thegoptimes